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. >> jack lew faced heat on the confirmation hearing at his time working for citigroup. and serving as chief operating officer of two units including one which did pro pairtary trading. >> you would be saying to financial firms do as i say, not as i did. >> citigroup required $45 billion taxpayer bail-out in the financial meltdown and lew grilled about bonus he received. >> explain why it's morally accept to believe take close to $1 million out of a company functionally insolvent and about to receive a $1 billion of taxpayer support. >> in 2008, i was employee in the private sector. i compensated in a manner with people who did the work i did in the industry. i was compensated for my work. it leave for others to judge. >> max baucus asked lew about investing in a fund based in well-known tax haven. >> why is the invest in the cayman islands? >> i don't know why it was organized. i was not involved setting up the fund. >> did you pay taxes on that investment? >> i reported all income related to the investment on my tax forms. paid my taxes. >> lou lou lost money on the investment -- lew lost
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